Clermont Group completed $10m investment in Eviation Aircraft.

Clermont Group, an international business group, invested $10m in Eviation Aircraft, which through its subsidiary, Eviation Tech Ltd., focuses on the design, development, and manufacture of light electric powered passenger aircraft. It also focuses on providing supportive services for electric aircraft eco-systems. The investment gives Clermont a 44.9% holding in the company. “Today marks an exciting new chapter for Clermont Aerospace. Eviation and magniX are two highly complementary platforms both focused on making the dream of sustainable flight a reality. Electric airplanes will shape the future of the aviation and transportation industries making air travel cleaner, cheaper and more efficient. We are at the dawn of a new era in aviation and Clermont is investing in innovation to lead this transformation.” Mr. Richard F. Chandler, Chairman of The Clermont Group.